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ESG-Related Risks On the Rise
Nearly one-quarter of in-house attorneys surveyed by Norton Rose Fulbright say their companies' ESG-related risk exposure increased in 2023, and 27% expect it to get worse in 2024.
The firm's recently released "2024 Litigation Trends Survey," based on interviews with 400 in-house attorneys late last year, found that 1 in 10 respondents worked for legal departments that faced ESG-related litigation last year. That compared with 2 of every 100 legal departments a year earlier.
"As regulatory requirements around climate and ESG disclosures take shape while anti-ESG sentiment grows, organizations are increasingly finding themselves caught in the middle," the report said.
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